Rapport sur l'organisation de l'enseignement industriel en Allemagne et en Suisse

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Monograph

Identifikator:: 845056654

URN:: urn:nbn:de:zbw-retromon-50651

Document type:: Monograph

Title:: Rapport sur l'organisation de l'enseignement industriel en Allemagne et en Suisse

Place of publication:: Paris

Publisher:: Impr. Impériale

Year of publication:: 1865

Scope:: 1 Online-Ressource (448 S)

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Rapport particulier sur l'organisation de l'enseignement professionel dans le royaume de Saxe

Collection:: Economics Books

SECRETARIAL PRACTICE Trust Deeds Trust Deeds should contain the following provisions: 1. Where provision is made that the security shall be repayable at a premium, either at a fixed date or at any time upon notice having been given, the Trust Deed must further provide that should the Company go into voluntary liquida- tion for the purpose of amalgamation or reconstruction the security shall not be repayable at a lower price. The following clause should be inserted in all Deeds: ‘The statutory power of appointing new Trustees hereof shall be vested in the Company, but a Trustee so appointed must in the first place be approved of by a Resolution of the Debenture (or Debenture Stock) holders passed in the manner specified in the Schedule hereto. A Corporation or Company may be appointed a Trustee of these presents.’ 3 In the clause regulating the convening of meetings of the Debenture (or Debenture Stock) holders, the following words should be inserted: ‘and the Trustee or Trustees shall do so upon a requisition in writing signed by holders of at least one-tenth of the nominal amount of Debentures ‘or Debenture Stock) for the time being outstanding.’ The clause defining an ‘Extraordinary Resolution’ must provide that ‘the expression ‘‘ Extraordinary Resolution” means a resolution passed at a meeting of the Debenture (or Debenture Stock) holders duly convened, and held at which a clear majority in value of the whole of the Deben- ture (or Debenture Stock) holders is present in person or by proxy and carried by a majority consisting of not less than three-fourths of the persons voting thereat upon a show of hands, and if a poll is demanded then by a majority consisting of not less than three-fourths in value of the votes given on such poll.” (See Note II below.) Should Debentures or Debenture Stock be entitled ‘First Mortgage,” provision must be made for the creation of a specific first mortgage in favour of the Debenture or Debenture Stockholders. . 4. 5 Note I.—Although not included in the official list of require- ments, the Trust Deed should also contain the following provis- ions: The charge for a Stock Certificate issued to replace one worn out, &c., must not exceed Is. Where Stock is partly repaid new Certificates must be issued. It is not sufficient to stamp the old Certificate. Stock should be transferable in multiples of f1. Note I1I.—If preferred the following clause may be substituted for No. 4:

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